FTSE 100 Pullback: Key Support Levels to Watch Last week, we flagged a potential pullback in the FTSE 100, and it came to pass – the market dropped 195.16 points (2.33%) to close at 8181.47.
Looking ahead, key support levels are just below the current market:
• First, the 8044 high we mentioned last week.
• Then, the August low at 7906.
• However, the critical levels to watch are the uptrend at 7775 and the 23.6% retracement from the October 2020 low, sitting at 7778.
These combined levels could provide significant support moving forward. Stay tuned!
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